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Association: Name: American Political Science Association URL: http://www.apsanet.org
Citation: URL: http://www.allacademic.com/meta/p59753_index.html Direct Link: HTML Code:

Callaghan, Helen. and Höpner, Martin. "Parties or Nations? Political Cleavages over EU Efforts to Create a Single European Market for Corporate Control" Paper presented at the annual meeting of the American Political Science Association, Hilton Chicago and the Palmer House Hilton, Chicago, IL, Sep 02, 2004 <Not Available>. 2009-05-26 <http://www.allacademic.com/meta/p59753_index.html>

Callaghan, H. and Höpner, M. , 2004-09-02 "Parties or Nations? Political Cleavages over EU Efforts to Create a Single European Market for Corporate Control" Paper presented at the annual meeting of the American Political Science Association, Hilton Chicago and the Palmer House Hilton, Chicago, IL Online <.PDF>. 2009-05-26 from http://www.allacademic.com/meta/p59753_index.html

Publication Type: Conference Paper/Unpublished Manuscript Review Method: Peer Reviewed Abstract: Attempts to create a single European market for corporate control stretch back more than thirty years. The EU takeover directive which passed in December 2003 is a far cry from this ambition. After decades of negotiation, member states agreed to disagree on the legality of anti-takeover defenses. Analysis of the political issues at stake indicates two distinct lines of conflict. First, active markets for corporate control have distributional implications inside firms by securing benefits for shareholders at the expense of employees. Second, due to different national starting points, the benefits and costs of a unified European takeover regime are distributed unevenly across EU member states. How did political struggles over these issues play out in the European Parliament, where delegates from all EU member states join European party groups according to their ideological inclinations? Analyzing the roll call vote on the takeover directive of July 4, 2001, we find systematic differences in the relative importance of national and party group affiliation depending on the party group in question. Intra-group cohesion was strong among the left-wing, green, liberal and right-wing party groups. By contrast, the center-right and center-left party groups were both internally divided, with nationality serving as a strong predictor of voting behaviour. Our findings are relevant to debates about the political underpinnings of Varieties of Capitalism, research on cleavages structures in the European Parliament and anyone interested in the prospects for legislative convergence of European takeover regimes.

Media Effects on Vote for Governing Parties: The Role of Media Bias and Fluidity of the Political Context Among European Countries

The Political Economy of Corporate Governance in Open Economy: Focusing on the Effect of Multi-National Corporation, Foreign Direct Investment and Immigration on Income Inequality

Media effects on the vote for governing parties: The role of media bias and fluidity of the political context across European countries